Mortgage modification after ch. 7 BK

Mortgage modification after ch. 7 BK

Hi, I applied for a loan modification in Nov. 2011 and while this process was ongoing I filed for chapter 7 BK in march 2012. I DID NOT reaffirm any debt! I was discharged in june 2012. I started the trial period in May 2012, the permanent modification papers came in July. By signing and returning these papers did I reaffirm my debt on this mortgage? If I decide to walk away from the home am I responsible for the mortgage balance and secondary note? I have read many posts , but could not find any with my particular issue. Any help/advice appreciated.

Re: Mortgage modification after ch. 7 BK

richinIL wrote:

Hi, I applied for a loan modification in Nov. 2011 and while this process was ongoing I filed for chapter 7 BK in march 2012. I DID NOT reaffirm any debt! I was discharged in june 2012. I started the trial period in May 2012, the permanent modification papers came in July. By signing and returning these papers did I reaffirm my debt on this mortgage? If I decide to walk away from the home am I responsible for the mortgage balance and secondary note? I have read many posts , but could not find any with my particular issue. Any help/advice appreciated.

I think you need to contact your BK attorney and have him review the modification paperwork you signed to answer that question.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation.
Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies.
Many factors affect your FICO Scores and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating.
FTC's website on credit.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.